Question 1

What is the primary goal of an executive summary in an effective audit report?

Options :

A :

To only present the positive aspects of the audit findings

B : To list every detail of the audit process

C : To provide a brief and clear overview of the main audit findings and conclusions

D : To focus on the auditor-s personal opinions about the auditee

Answer: C

Question 2

How does a SCAR benefit the buyer-supplier relationship?

Options :

A : It allows the buyer to audit the supplier-s financial records

B : It ensures continuous improvement and quality

C : It primarily focuses on reducing the price of goods

D :

It increases the buyer-s control over the supplier-s workforce

Answer: B

Question 3

Company X is drafting a contract with Supplier A for electronic components. Supplier A had issues with product consistency in the past. Which clause should Company X emphasize in the contract to ensure improved consistency?

Options :

A : A clause outlining testing protocols for the components

B : A clause specifying the office hours of Supplier A

C : A clause about the branding strategy of the components

D : A clause detailing the annual sales targets of Supplier A

Answer: A

Question 4

What is the main principle behind coaching and mentoring?

Options :

A : Establishing a command-and-control managerial style.

B : Motivating employees through rewards and punishments.

C : Providing feedback and encouragement to help others grow and reach their goals.

D : Managing tasks and assigning responsibilities.

Answer: C

Question 5

Which statement is true about an organization's Vision statement?

Options :

A : It focuses on the technical aspects of products and services

B : It is frequently changed to reflect short-term market trends

C : It is broad and inspirational, guiding long-term goals

D : It provides a roadmap for daily operational tasks

Answer: C

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